B3 launches options on bitcoin, ether, solana futures
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- B3 launched options on bitcoin, ether, and solana futures on July 6, per a B3 circular, expanding Latin America's biggest stock exchange's regulated crypto derivatives lineup
- The options settle into underlying futures contracts rather than spot cryptoassets, involving no custody, transfer, or administration of tokens
- Bitcoin futures options are denominated in Brazilian reais, while ether and solana futures options are denominated in U.S. dollars, and all three reference Nasdaq crypto indexes
- Contracts trade 9 a.m. to 6:30 p.m. local time, with automatic exercise at expiration when the option finishes in the money unless the holder blocks exercise
- The offering gives Brazilian traders and asset managers a local, regulated venue to hedge crypto exposure, trade volatility, and build structured positions without using offshore crypto options markets
- The product extends B3's broader push into regulated crypto derivatives, which already included bitcoin options, ether and solana futures, and bitcoin-linked event contracts
Why it matters: Brazilian institutions previously had to route crypto options exposure through offshore venues. B3's new contracts, partly reais-denominated and free of token custody requirements, pull that activity onto a regulated local exchange — giving asset managers a compliant hedging tool and reducing reliance on foreign platforms.
